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Today, Monday, October 12 2026, the Baltic Dry Index decreased by 65 points, reaching 2852 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry ...
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-2852-down-65-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-2852-down-65-points/Ownership of two UK offshore wind projects is changing hands, with Ørsted taking full control of the operating Gunfleet Sands 1 & 2 wind farms while RWE has exited the Five Estuaries development. Ørsted has agreed to acquire the remaining 49.9% of Gunfleet Sands 1 & 2 for around £15m ($20m), taking its ownership to …
https://splash247.com/uk-offshore-wind-ownership-reshuffles-in-two-separate-deals/
https://splash247.com/uk-offshore-wind-ownership-reshuffles-in-two-separate-deals/The US is preparing a second offshore oil and gas lease sale in Alaska’s Cook Inlet, offering about 1.05m acres, despite the programme’s first auction attracting no bids earlier this year. The country’s Marine Minerals Administration (MMA) has issued a proposed notice of sale for the so-called Big Beautiful Cook Inlet 2, or BBC2, covering …
https://splash247.com/us-lines-up-second-alaska-offshore-lease-sale/
https://splash247.com/us-lines-up-second-alaska-offshore-lease-sale/Swiss-based offshore drilling giant Transocean has won new work for one of its semisubs and secured formal approval for its $1bn deal with Equinor, announced earlier this year. Shell’s Norwegian arm awarded a two-well contract to the Transocean Norge semisub rig, built in 2015. The estimated 120 days of work is expected to begin as a …
https://splash247.com/transocean-books-new-shell-work-and-firms-up-1bn-equinor-deal/
https://splash247.com/transocean-books-new-shell-work-and-firms-up-1bn-equinor-deal/Supermajor Shell has agreed to acquire a 30% interest in Equinor’s Bay du Nord project offshore Newfoundland and Labrador as the partners push the development towards a final investment decision targeted for early 2027. Equinor will retain a 70% interest and remain the project operator, which is currently completing front-end engineering and design work. Bay …
https://splash247.com/shell-joins-equinor-in-9-8bn-canadian-offshore-project/
https://splash247.com/shell-joins-equinor-in-9-8bn-canadian-offshore-project/Two of Europe’s best-known shipyards are heading into new ownership, with Germany’s Rheinmetall taking over Romania’s Mangalia facility and Turkey’s Kuzey Star Shipyard selected to acquire Croatia’s Uljanik Brodogradnja 1856. German defence giant Rheinmetall has secured the Mangalia shipyard for €138m ($160m), winning an auction organised by court-appointed liquidator CITR on Friday. The Black Sea …
https://splash247.com/two-european-shipyards-find-new-owners-after-years-of-turmoil/
https://splash247.com/two-european-shipyards-find-new-owners-after-years-of-turmoil/Chinese shipping entrepreneur Liu Jichun is seeking control of Hong Kong-listed asphalt tanker operator Xin Yuan Enterprises through a proposed cash takeover worth up to HK$771m ($99m). Liu’s investment vehicle Ocean Vivo has announced a voluntary conditional offer of HK$2.21 per share for the stock it does not already own, valuing Xin Yuan’s entire equity …
https://splash247.com/chinese-shipping-investor-makes-play-for-asphalt-tanker-owner-xin-yuan/
https://splash247.com/chinese-shipping-investor-makes-play-for-asphalt-tanker-owner-xin-yuan/China’s Ningbo Ocean Shipping is looking to add two 7,000 ceu LNG dual-fuel car carriers under a long-term leasing programme, with potential rental payments of up to $480m. The Shanghai-listed carrier disclosed the plan in a stock exchange filing, saying it or one of its subsidiaries intends to lease the vessels from a financial leasing …
https://splash247.com/ningbo-ocean-eyes-two-car-carriers-in-480m-leasing-plan/
https://splash247.com/ningbo-ocean-eyes-two-car-carriers-in-480m-leasing-plan/Ship recycling has sunk into its longest sustained slump in more than half a century, just as the global merchant fleet accumulates an unprecedented amount of ageing tonnage. Clarksons Research calculates that just 273 ships of 5.5m gt, equivalent to around 8m dwt, were sold for demolition in the first nine months of 2026, 13% …
https://splash247.com/ship-recycling-drought-leaves-record-ageing-fleet-afloat/
https://splash247.com/ship-recycling-drought-leaves-record-ageing-fleet-afloat/Nasdaq-listed Greek dry bulk heavyweight Star Bulk Carriers has agreed to sell a 35% ownership interest in two recently built kamsarmax bulkers to Itochu’s investment and asset-holding vehicle, Hermes World Maritime, while retaining commercial and technical management of both ships. The Petros Pappas-led owner identified the vessels as the 2026-built Star Ellie and Star Bella. …
https://splash247.com/star-bulk-sells-down-kamsarmax-pair-to-hermes/
https://splash247.com/star-bulk-sells-down-kamsarmax-pair-to-hermes/